America

With Macy's making the headlines in the past few days on speculation it was shopping itself for a potential buyer, a thesis first laid out by David Einhorn one year ago, moments ago the WSJ reported that Hudson's Bay, the Canadian owner of Saks and Lord and Taylor, has made a takeover approach for the landmark retailer, sending the shares of both companies surging, and tripping a circuit breaker for M, which was lst up just shy of 5%.

The likely catalyst for the sale is that Macy's veteran CEO, Terry Lundgren, announced last June he would be stepping down later this year.

Submitted by Shoshana Bryen via The Gatestone Institute,

Why Geopolitical Sabre-Rattling will be Good for the Gold Price

Submitted by Mike Shedlock via MishTalk.com,

This bit of asininity just came in from McCain: Send Weapons to Ukraine.

McCain also repeated idiotic comments on Russian interference in the US election.

Sen. John McCain (R-Ariz.) is calling on President Trump to send lethal aid to Ukraine after attacks this week were blamed on Russia-backed rebels.

 

Submitted by Brandon Smith via Alt-Market.com,